Simon Evans Goes to Market : BBC Radio 4 FM : August 11, 2016 06:30PM-07:00PM BST
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Simon Evans' comedy-economics hybrid - this week about birth.
🔗 British history professor Alexis J.
🔗 Has become the fourth person appointed to lead the independent inquiry into child
🔗 sexual abuse in England and Wales. The U.N.
🔗 that talking to Russia about extending a daily three hour ceasefire in the Syrian
🔗 city of Aleppo.
🔗 The German interior minister has responded to last month's attacks by saying
🔗 citizens with your nationality should be stripped of their German passport.
🔗 If they fight abroad for terror groups B.B.C. News.
🔗 The news was read by Alan Smith.
🔗 Does having children make economic sense and if so how many should you have and
🔗 when Simon Evans is comic economic lecturer this week is on Barack.
🔗 But first news of Radio four on location.
🔗 Every gear in August thousands of people flock to Edinburgh to participate in any
🔗 number of explorations of human frailty to comedy tragedy completely bald sexual
🔗 intrigue you know you intended infidelity. All right.
🔗 And some of them pop just been stage shows as well. B.B.C.
🔗 Radio four at the world's biggest constable.
🔗 With special editions of front row and new comedy in fresh from the frame
🔗 but it's lovely to be here
🔗 but we still not with a loose end in front of a special drop back to the audience
🔗 Radio two Edinburgh Festival begins this Thursday night at six fifteen.
🔗 This is Radio four NY Simon Heaven's comedy lecture on the economics of different
🔗 life stages this week the economics of Bath.
🔗 We present to Simon Evans
🔗 goes to market
🔗 welcome to Simon Evans goes to market a forum for the presentation of unpopular
🔗 economic gluten leavened with the yeast.
🔗 You must have no real idea how baking works so if
🔗 that metaphor made any sense at all. It was a complete fluke.
🔗 Let's get some icing on it before anyone notices.
🔗 We've decided to mix economics with comedy because as this summer has proved the
🔗 British public take no notice of so-called economic experts like the American
🔗 public to take its lead on the big stuff from him probably quaffed cartoon clowns
🔗 this series we're looking at the watershed life stage is
🔗 that we all have to navigate hopefully without turning financial turtle.
🔗 We've looked at our coming of economic cage the splicing of our economic fortunes
🔗 in marriage and to date the unambiguous economic catastrophe of child but.
🔗 Birth can of course be seen from a number of different angles although
🔗 that is actually one of my local hospitals least popular web cameras
🔗 but we're going to talk about the financial angle having babies is not in itself
🔗 expensive of course all you need to get the ball rolling is the old bottle of Asti
🔗 spew Mandaean a CD of near bulletin love songs. If I remember rightly.
🔗 But the the cost start mounting up very shortly afterwards and continue in
🔗 that direction for the next twenty years
🔗 or so all kinds of decisions you make as you approach parenthood will continue to
🔗 reform through your life either like a delicious raspberry seem through an
🔗 otherwise vanilla or existence or like a disastrous for line
🔗 that one day brings your future crashing down in a tangle of twisted metal
🔗 and broken dreams.
🔗 So with
🔗 that in mind we have secured the services of a proper economist a man with all of
🔗 your forty of Robert Peston
🔗 but with the added ability to maintain a consistent for him for the duration of a
🔗 sentence to be sent to a radio for more or less
🔗 and F T's economist Tim Harford Welcome
🔗 to you now. Before we begin tell me are there any little Halfords at.
🔗 Yes The three three and have they proved a sound investment
🔗 and yet you really are a comedian.
🔗 Aren't you sure don't think people have children for sound economic reasons
🔗 Nowadays they used to be an investment in the future.
🔗 There were a source of cheap labor
🔗 and then they provided excellent financial security when their parents retired.
🔗 when I say excellent What I really mean is better than a pension with the H.S.
🔗 Anyway so we started to change these days I think now we have to accept
🔗 that children are more like luxury goods we have them to show off
🔗 that we can afford them and then constantly worry that they'll get stolen
🔗 or broken
🔗 or laughed at you hoping to raise another generation of economists
🔗 but it really mind as long as they're happy. So that's a no then.
🔗 Thanks for now to Time now to meet two guests who will be with us for the duration
🔗 of the show a young couple who we will expose who will be economic arguments about
🔗 having kids to see how it effects their thinking on the matter. Please welcome.
🔗 and Sophie Now
🔗 Andy is one of the writers on this show and Sophie is his partner
🔗 and after some time together. How long has it been in fact for ages.
🔗 It's actually been four years. Is it really four years since Jenny dumped me.
🔗 Well after all that time you've decided that you're spending too much time asleep
🔗 or not enough time in soft place centers is that right.
🔗 Yeah that's right and have you actually are you so to speak.
🔗 No not yet. Good good.
🔗 So still time to back out exactly but we are going to have one. Yes.
🔗 I want one day.
🔗 Well I did take some hesitation there for Mandy
🔗 but Fairplay it's a big decision one you shouldn't take lightly you don't have to
🔗 become parents. Sadly my wife and I have left it too late to have children
🔗 but we've gone ahead and had them anyway. And.
🔗 I have to say it is sometimes hard to see the wood for the tears
🔗 but the tree the tree sorry we have two children one of each at least according to
🔗 what are fast becoming the rather outmoded categories of boy and girl
🔗 and many people actually congratulate us on our luck in
🔗 that respect my advice is don't get hung up on the sex of the child every child has
🔗 a burden
🔗 and a curse to bring up a child to the age of twenty one in the U.K.
🔗 Cost on average two hundred thirty thousand pounds.
🔗 Tim what is the research age should you have kids
🔗 and if so how many actually we could step away from the finance here because
🔗 economists also study happiness.
🔗 So for example as an economist at work university
🔗 and you also Walden he's researched all of the different elements of life
🔗 that make us happy good health satisfactory marriage money a job all
🔗 that sort of thing
🔗 and the same with search techniques actually tell us the optimal number of children
🔗 to have and what is that optimal number zero.
🔗 If you do make the mistake of having
🔗 How many does the size of happiness suggest we go for yet to do is the minimum amount
🔗 of misery wants you've decided to have children in the first place too.
🔗 That's interesting. Speaking as an only child.
🔗 It's great to know
🔗 that I was an optimum source of despair to my parents numerically as well as in
🔗 every other respect but in economic terms. Do we know why they're such a disaster.
🔗 What I mean other than the ruinous expense of course I mean actually the cost of
🔗 nappies and people carriers and psychiatry spills all that it's not the half of it.
🔗 You got to consider the impact on the mother's innings to a few years ago three
🔗 economists started the careers of M.B.A. Students from the University of Chicago.
🔗 The real economic elite so they go on to run companies or be partners in McKinsey
🔗 or banks
🔗 that kind of thing the economists got really detailed data on these people
🔗 and they found
🔗 that at first there wasn't much of a gap between the earnings of men
🔗 and the only women.
🔗 But then after the women had children this gap really started to open up
🔗 and got wider and wider and that was all to do with the career breaks
🔗 and the shorter hours that mothers tended to work.
🔗 Basically kids trashed careers and it's almost always the mothers career
🔗 and by the way men usually earn even more want to become fathers men
🔗 and more that's interesting.
🔗 I mean I think sometimes a child can do wonders for a mother's career.
🔗 Just look at the Virgin Mary.
🔗 But I have to say I am astonished
🔗 that fathers earn more than free men does surprise me.
🔗 I had always assumed aside from doubling the cost of holidays
🔗 and forcing you to buy dogs the main purpose of children was to undermine your
🔗 ability to go to work clean of wake and say yes
🔗 but in fact there are still getting the slightly less fouled end of the stick.
🔗 Then as it were. I mean as men. What can we do about that.
🔗 The thing is that the U.K.
🔗 Has just adopted new legislation which should sort this out.
🔗 There's this concept of shared parental leave that means either the mother
🔗 or the father
🔗 or both have the right to take time off to look after the nipper So if people
🔗 actually use the right to share parental leave.
🔗 I should really make a big difference in evening things up.
🔗 Well I have to say as a father now past
🔗 that stage I can honestly say I am so relieved to see that
🔗 that measure is in place now and not a moment to say yes indeed.
🔗 But there are any actual benefits to having kids beyond the the rumored sentimental
🔗 ones are they helpful eventually to keep the family firm going for it
🔗 but apparently not.
🔗 There has been a study done comparing German and British family firms
🔗 and there are different traditions. So in the U.K.
🔗 Family firms are run by family members
🔗 and they tend to be run into the ground by idiot sons in short order in Germany.
🔗 By contrast you've got family owned firms but they hire professional managers
🔗 and that actually works really well.
🔗 So if there are any economic benefits to having your kids run your company for you.
🔗 They're completely elusive.
🔗 Well there you have it children will wreck your earning capacity Sophie.
🔗 They will drive you insane Andy and they will run the family firm into the ground.
🔗 How many do want Remember zero is still an option at this point.
🔗 I was thinking one. Personally I always wanted three one.
🔗 I think three. You really haven't been paying attention. Have you.
🔗 But of course no one does do they.
🔗 Oh they say no one ever told us how hard it would be yes yes they did they told you
🔗 again and again but you weren't listening.
🔗 You were looking at your phone even if they don't tell you out loud.
🔗 They tell you with their so the next question to me is
🔗 when from an economic point of view as ever when is the best time to have a baby.
🔗 I mean I presume you shouldn't have one after lunch or is that is
🔗 that there are several separate issues here.
🔗 So first what age should you have your first baby.
🔗 That would usually be zero wouldn't some of the mother the mother not the baby.
🔗 We actually have good evidence on this from an economist's called Amalia Miller
🔗 and she studied the effect of the timing of kids on a woman's career
🔗 and asking whether it was better to do it early or late.
🔗 OK And what did she find when she found that if you're a woman in your twenty's.
🔗 Every year you delay your first child
🔗 that will add ten percent to your lifetime earnings and the gains mount
🔗 and mount until you in your thirty's at which point they level off.
🔗 So the payoff to having later children even bigger for professional college
🔗 educated women is a really big effect
🔗 and what about timing your child's birth in even more detail
🔗 but is just as crucial.
🔗 According to the Institute for Fiscal Studies birth month is a significant factor
🔗 in academic and overall achievement was
🔗 that paper to water by Russell Grant by any chance not astrology this is just
🔗 seniority at school so autumn baby is there the oldest in the year so they could
🔗 generally grab a place in the first eleven they open the batting they get first
🔗 dibs on the Spotted Dick July babies on the other hand experience school life.
🔗 Never ending brutal game of catch up. It's odd isn't it.
🔗 Given how much advice there is on ways to improve your child's performance at
🔗 that no one tells you the single most effective thing you can do is to tie a knot
🔗 in it leading up to Christmas
🔗 and then have loads of sex in January there should be a little rhyme you know like
🔗 cars not a cloud.
🔗 So maybe out of the water
🔗 and fires tend to arouse us keep it in your flame in trailers.
🔗 Once the Christmas trees down then it's time to mess around.
🔗 If you are going to spend this amount of money on something though I mean it makes
🔗 sense doesn't it to maximize its chances of success the average couple spend about
🔗 a thousand pounds even before the baby arrives the best way I think to avoid a
🔗 ruinous outlay on things.
🔗 The baby will of outgrown forty five seconds after you bought them.
🔗 Is to have a baby about six months after a good friend
🔗 and there's you inherit all their baby clothes and cribs
🔗 and broken toys.
🔗 We were on the wrong end of that equation
🔗 when ours were growing up we found ourselves supplying two of our friends' children
🔗 they were so regularly dressed in my daughter's old clothes
🔗 that they resembled strange ghostly echoes of her I found it unsettling
🔗 and confusing to be honest I want very nearly jumped into a frozen lake to rescue
🔗 what I thought was my only struggling child only to realize in the nick of time it
🔗 was her friend. Sophie
🔗 and you've heard the evidence you need to leave it as late as possible in order to
🔗 maximize whole life earnings
🔗 and you need to time it so it arrives in October just six months after your best
🔗 friend who stupidly didn't wait and is now paying full price for clothes
🔗 and extra math tuitions What do you think would you consider delaying a few years.
🔗 We'll just crack on to be honest and especially for the last three
🔗 and I'm not getting any younger.
🔗 So yeah just get him out the way I mean we could be childfree by fifty one.
🔗 OK well you're part of the heart your whole life earnings
🔗 but at least just so young enough to cope physically
🔗 and your parents are still young enough to help to now by having. Child.
🔗 and Andy will be doing their bit for the British fertility rate which currently
🔗 stands at one point nine children per woman the general consensus is
🔗 that just over two point one is the best fertility rate for a country's economy.
🔗 But here with a different point of view is our expert for this week a professor of
🔗 economics at Imperial College who has recently written a paper on computers will
🔗 general equity Librium modeling. Be honest with you. I haven't read it yet.
🔗 I'm waiting for the movie but please welcome Professor James surf tonight
🔗 and Adam thanks
🔗 very much for joining us. James.
🔗 Generally it's sort of having more children is good for the country's economy.
🔗 You have a different point of view.
🔗 How can a low fertility rate be good for an economy where there's two ways of
🔗 thinking about this. You can either think of from the government's point of view.
🔗 How many children is best is to like to support the welfare state in which case the
🔗 more the merrier.
🔗 Because you want lots of young workers playing taxes to afford your if you like
🔗 your pensions. But the other way of thinking about it is in terms of the household.
🔗 And obviously the household is a different sort of budget constraint from the
🔗 and we've covered this in the program very well which is the cost of children
🔗 roughly twelve thousand a year in the ages not to twenty five so by lowering the
🔗 fertility rate what you're doing is bringing in more resources for the working
🔗 household. That's a twelve thousand per child per year
🔗 and the other thing they do is they have to in fact invest less because as a
🔗 country we need to invest and build up the machinery.
🔗 If you like the capital of the country in order to provide the machines ready for
🔗 this new young force to come online
🔗 and what we estimated in this paper was so in fact if you're thinking about welfare
🔗 and trying to maximize the consumption of your household the optimal birth rate is
🔗 slightly below two point one almost We have it perfect in the U.K.
🔗 One of the questions is whether the only way of controlling in any way I mean you
🔗 get to neighboring continental countries France is currently around two point one.
🔗 I think there is Germany is down at one point four.
🔗 How do they know it's a deliberate.
🔗 This is another interesting question about what actually determines the fertility
🔗 rate in various countries and you see a broad spread in Europe itself France is
🔗 that the top of the leaderboard it may be very easy to just lean on the
🔗 stereotypical view
🔗 that the French are a little bit more romantic than the German people are going to
🔗 but I don't know I mean the French have a system that's very pro if you like very
🔗 child friendly.
🔗 There's a lot of support for the families especially for large families
🔗 and child care is subsidized
🔗 but I mean Germany at the moment one point four a lot of people say that
🔗 that is at least an ingredient in their current policy towards migration
🔗 and so on trying to make the other arts or to a low fertility rates.
🔗 It's going to be immigration.
🔗 You're And it's a complete win win his next you don't have to educate them
🔗 or freedom or listen to them on the train when the young or anything.
🔗 You know that's the person at the perfect age working today.
🔗 I think the advantages of smaller family sizes beyond the cost base is there
🔗 anything else. I mean is it easier to organize you know in economics is the idea.
🔗 Developed by the Nobel Prize winner Garry Baca about the sort of quality versus
🔗 quantity tradeoff which is the idea that if it's a fairly low skilled economy
🔗 and what you want is lots of them.
🔗 Yes because you're going to pay for your retirement with value but now
🔗 that we're more skilled economy.
🔗 What we want to do is take advantage of that
🔗 and therefore you want to sort of concentrate your efforts your results is in
🔗 bringing up some bright skilled young children
🔗 and therefore there's a trade off to smaller families.
🔗 So what would you really want in order to take advantage of
🔗 that situation is to have a large number of children
🔗 and then have a sort of selection process at a certain time just want to be vested
🔗 right now in the Latin class. Yes yes.
🔗 So how many of you go in for a new doll if it's actually like this one.
🔗 I've got five times.
🔗 So what would you say to people who suggest
🔗 that this paper was written as a direct copy as an angry shalt into the void
🔗 that they have to. A large interest in demographics.
🔗 One of the oldest and youngest at the moment.
🔗 My oldest is twenty four youngest is knowing Yes Wow And have you gone for the
🔗 single investment so you can't name which one you might
🔗 we just told you be happy you're working the fields.
🔗 Keeping quiet sort of the end to generational issues
🔗 that affect children being born today for instance people often bring up the fact
🔗 that children may end up being poorer than their parents for the first time this is
🔗 where it gets interesting.
🔗 I think because that we talked about the optimal fertility rate so the idea
🔗 that you might actually want to support slightly lower fertility rates.
🔗 However this is all very dependent on the job and ecosystem.
🔗 This is all a shimmy when our balance growth path. I.E.
🔗 We're looking after our children as well as our parents looked after us.
🔗 So if you look at the present economy
🔗 and you look at what's happening with the baby boom generation and you're asking.
🔗 Are they really setting the world in their good state for their children to come in
🔗 and have it with the global financial crisis. And how we paid for that.
🔗 I mean if you look at
🔗 that it was a massive rise in unemployment particular amongst the youth
🔗 and part of
🔗 that rising unemployment was softened by a large well fact transfer to these people
🔗 that was benefits and so on so smoothing out over this tough period.
🔗 Now you might say who who should pay for those benefits.
🔗 Well would it be if you like the older generation
🔗 that will pay more taxes a bank will
🔗 that benefit the no further debt on to the young children that's not what happens.
🔗 What happened was as we all know it's the government
🔗 that Rose So effectively what we're doing is passing the cost of
🔗 that smoothing procedure on to the unborn.
🔗 That's one question
🔗 and then there's the distributional issue which comes into play as well because the
🔗 taxes are paid by everyone
🔗 and yet inheritance is a tend to be focused amongst a wealth is very concentrated.
🔗 The small section of population
🔗 and the distributional consequences of these transfers is another question we have
🔗 to think about because you do.
🔗 I mean there are people I know Paul McCartney is a famous example who just says my
🔗 kids get nothing because I know if they knew
🔗 that they were going to get all this money then they would break them you know
🔗 and as well you know one bus it was another case where you know there's a letter he
🔗 wrote now because well you know it's a very sensible idea.
🔗 Let's get on Professor James have to thank you.
🔗 Now Tim
🔗 One thing you hear a lot of talk about is the importance of names
🔗 and people say the choice of name can affect a child's chosen career the likelihood
🔗 of success or at least of being taken seriously. Does this actually stack up.
🔗 So the most amusing idea out there is out of nominative determinism which is
🔗 that your your name determines the career going to choose the most famous example
🔗 that people who are called Dennis are more likely to choose to become dentists.
🔗 I'm very sorry to say that this is basically a statistical myth.
🔗 People who are called dentist are in fact more out to be dentists
🔗 but that's just to do with the age of people who tend to be dentists in the age of
🔗 people who tend to have been called dentist so you can.
🔗 Sorry about that you can scratch that but the Freakonomics or her Steve Levitt
🔗 and his colleague Roland Fryer looked into this and what I found is
🔗 that African-Americans for example from very deprived backgrounds they were quite
🔗 likely to give their children very distinctive names for example.
🔗 Shanda and Levitt and Fryer decided that actually
🔗 that wasn't doing the kid any harm that these kids didn't do that.
🔗 Well that's because they had a difficult background it wasn't because they had this
🔗 distinctive name and not everyone agrees.
🔗 So other economists who found
🔗 that people with distinctive names who are racial minority they get discriminated
🔗 against the most striking example of this.
🔗 There's a Harvard professor called Latanya Sweeney.
🔗 And she's black and white chief.
🔗 Around was if she Googles herself the Google ads down the side of the page offering
🔗 criminal record checks on this list on your person so I mean this is quite real
🔗 and rather disturbing.
🔗 Any thoughts on names you to yeah I think if I had
🔗 and I'd quite like it to be Scottish names.
🔗 So I guess it was a boy at the Leslie and if it's a girl it be.
🔗 Leslie and I thought I'm not
🔗 that picky really I'd just rather it wasn't called Lesley
🔗 and I wouldn't worry too much.
🔗 I get the impression its name will be the least of its worries me more just a few
🔗 more choices to make firstly where you're going to panic you move to without
🔗 thinking it through properly.
🔗 I was thinking that we might need somewhere to quiet
🔗 or maybe to the countryside.
🔗 but I actually really like it where we are as close as nice a restaurant has got a
🔗 really cool vibe.
🔗 Yes vibe vibe is very important to a two year old good luck with the restaurants
🔗 it's high chairs and white cream menus from here on
🔗 and all the things you loved about your area will be nothing more to you than a
🔗 crude provocation from now on you don't want to Vibe Trust me who you want is a
🔗 local nursery and an all night to cram outlet.
🔗 If you know the person you see on the street already looks like a child
🔗 or doctor even here in the radio theatre see that old man on the front row.
🔗 He looks a bit weird suddenly doesn't it.
🔗 The question now becomes how do you prepare this child for the world.
🔗 You brought it into how do you set it up for the future buy them a private
🔗 education train them to be amazing.
🔗 In just one thing so that they will be world champion but hate you forever
🔗 or just buy them out.
🔗 The dewpoint you wish to hear from our resident financial expert the editor of
🔗 Money week mare in Somerset Webb.
🔗 I spoke to
🔗 Marian down the line from Edinburgh she dared not come down south in case they shut
🔗 the border and. She wasn't allowed back.
🔗 I started by asking at how much we should all spend on our children.
🔗 Minimise costs. I mean if you think about it. What would your children.
🔗 Thank you for most would they.
🔗 Thank you for buying them very expensive clothes when they were babies
🔗 or with a thank you for still having some money left when they were teenagers.
🔗 I can assure Marian that children don't thank you.
🔗 Whenever you spend money on them.
🔗 What about investing in your children's future savings accounts for instance
🔗 when they are born the first thing you should do is you should make sure the zero
🔗 child has a junior I said childhood takes a long time so you might as well have
🔗 long term investments.
🔗 So they should be in a junior I said they're in the equity market because that's
🔗 where you get the best longtime growth the way you have historically actually not
🔗 the last twenty years actually.
🔗 But before that always of esoteric zero growth in the equity market
🔗 and you want your child to be exposed to that wealth building.
🔗 However however this is very important.
🔗 You don't want to put any money in your child's junior Eissa
🔗 and to your own I say is full right so you want to leave the junior high for the
🔗 grandparents for the godparents all
🔗 that kind of thing every time they send some money for the kids stick it in the
🔗 Joyce but your own money needs to go into your own pension and your own I said.
🔗 First it's rich mistake
🔗 that I think parents make time after time after time is prioritizing their
🔗 children's financial future over their own financial future.
🔗 It's a bit like the oxygen mask
🔗 that drop out of airplanes it's exactly like around thirty is exactly like to take
🔗 care of yourself you know but it's hard to take care of your child.
🔗 So that's the answer.
🔗 Next time your child wants some chocolate at the supermarket checkout to say Oh I'm
🔗 sure you'd rather I prioritize my own financial future next afternoon if it was
🔗 financially worthwhile to pay someone else to look after your kids while you go
🔗 back to work you do need to not do that but of course the thing is
🔗 that most women
🔗 when they have their babies are not at peak earning so depending on how you look at
🔗 it it can be worth it to go back to work even if your child calls cost more than
🔗 Because by staying in the place you raise your odds of any more in the future
🔗 but by leaving the workplace for five.
🔗 Six years seven years however long it isn't it.
🔗 Old inappropriate school makes it very hard to get back up to the same level of do
🔗 it and does not add any regulations you put in place to stop it happening.
🔗 It will still happen.
🔗 So there is actually a case to be made for losing money on a monthly basis while
🔗 OTOH just to get away from your kids just to get away from the get back to work
🔗 places like you were like Oh yes very.
🔗 I counter-intuitive thing for a mother to say or a father for
🔗 that matter to say I will not see my children and pay to not see my children
🔗 and it seems pretty damn natural to me
🔗 that I then asked Marian whether it's worth having children to provide us with a
🔗 safety net later in life.
🔗 The idea
🔗 that children are vital for the safety net I mean heavens I wish they did
🔗 but I suspect that what happens these days is that children think
🔗 that their parents will provide them with a safety net I mean there are forty five
🔗 fifty year olds across the U.K.
🔗 Waiting for their parents to does so they can inherit the money it's you know it's
🔗 moved the other way around.
🔗 And I think you have to have a lot more children than we have at the moment for
🔗 them to provide a safety net.
🔗 You know if you have one
🔗 or two children you can't really expect them to support you in your old age.
🔗 Again a need to have seven or eight. Hid out and each seven or eight.
🔗 Now you two almost time for us to go has the program helped you make some decisions.
🔗 It's been really helpful thank you so you didn't seem to be in agreement about very
🔗 much want to show number of children and so on. Have we helped you out.
🔗 Yeah we've a come to a compromise and we're having three three
🔗 but a name for the first born have you compromised there yet.
🔗 We've compromised
🔗 and we're going with Leslie Leslie terrific So what have we learned apart from the
🔗 fact that Sophie has clearly settled father's tend to
🔗 and mold in childless men because having kids is a great incentive to spend more
🔗 time in the office your name doesn't limit your life chances.
🔗 Which is why a man who surname is another word for fart is currently running for
🔗 president to make sure you have a successful child.
🔗 Don't waste money trying to educate five of them.
🔗 Rather focus all your resources on one just don't mention it to the others.
🔗 And if you want to have a successful child don't have sex in November.
🔗 Thank goodness for November.
🔗 In conclusion it emerges
🔗 that Philip Larkin famous analysis of parent child dynamics was accurate
🔗 but a bit one sided while it is true of children they may not mean to mark you up.
🔗 Let's say it is certainly true that economically least they do
🔗 but while your child may not be a sound financial investment.
🔗 You mustn't forget their trusting hand in yours their grateful brave smile
🔗 when you brush away the tears their eyes widening with wonder on those first few
🔗 Christmas mornings who truthfully can put a price on any of that you know.
🔗 But even if you could it's probably no more than a couple of grand Is it really
🔗 of it was written by me personally to me
🔗 but as you said with additional material by Guy Venables would be just too much of
🔗 moving some of it when he was just the perfect a day to do the job going to B.B.C.
🔗 Simon and the team will be back next week to look at the economics of death.
🔗 and Toby about the timing to have the last word in The Archers after the noose
🔗 and similar are met heads to the Royal Albert Hall to hear.
🔗 Jamie Cullum in rehearsal for his lit night prom front row is seven fifteen.
🔗 The source of this river is a kind of dream drift downstream with
🔗 Radio four the time of the ice melted away to reveal a rain addled Bowl losing
🔗 from the in the breeze my.